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Assembly Bill A10206

2025-2026 Legislative Session

Directs the New York state department of financial services to conduct a study on the rising costs of motor vehicle insurance in the state

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Current Bill Status - In Assembly Committee

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2025-A10206 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance

2025-A10206 (ACTIVE) - Summary

Directs the New York state department of financial services to conduct a study on the rising costs of motor vehicle insurance in the state which shall include certain analyses and recommendations.

2025-A10206 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10206
 
                           I N  A S S E M B L Y
 
                             February 12, 2026
                                ___________
 
 Introduced by M. of A. RIVERA -- read once and referred to the Committee
   on Insurance
 
 AN  ACT in relation to directing the New York state department of finan-
   cial services to conduct a study on the rising costs of motor  vehicle
   insurance
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. 1. The  superintendent  of  financial  services  is  hereby
 authorized  and  directed to prepare or have prepared a study concerning
 the rising costs of motor vehicle insurance in the state  of  New  York.
 Such  study  shall  evaluate  no-fault  reform  polices enacted in other
 states; analyze the factors that have increased motor vehicle  insurance
 costs,  including,  but  not  limited  to,  fraudulent  claims  and  the
 increased costs of labor associated with the maintenance and  repair  of
 motor  vehicles;  and  identify  opportunities  for  legislative  reform
 related to reducing applicable statutes of limitation and  capping  jury
 awards.  The  study  shall  include recommendations for interventions to
 lower the costs of motor vehicle insurance for New Yorkers.
   2. The study required by subdivision one  of  this  section  shall  be
 completed and posted on the department of financial services' website by
 September 30, 2027.
   ยง 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14523-01-6

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